
Hungary - Sheep or Lamb Skin Leather - Market Analysis, Forecast, Size, Trends and Insights
Hungary: Sheep Leather Market 2022
Sheep Leather Market Size in Hungary
In 2021, after four years of growth, there was decline in the Hungarian sheep leather market, when its value decreased by -0.9% to $X. Overall, consumption recorded a slight shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.
Sheep Leather Production in Hungary
In value terms, sheep leather production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a slight reduction. The pace of growth was the most pronounced in 2019 when the production volume increased by 35%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.
Sheep Leather Exports
Exports from Hungary
In 2021, shipments abroad of sheep or lamb skin leather increased by 583% to X square meters for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a significant curtailment. Over the period under review, the exports reached the maximum at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
In value terms, sheep leather exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a dramatic curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Romania (X square meters) was the main destination for sheep leather exports from Hungary, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled +33.8%.
In value terms, Romania ($X) emerged as the key foreign market for sheep leather exports from Hungary.
From 2012 to 2021, the average annual growth rate of value to Romania stood at +39.0%.
Export Prices by Country
In 2021, the average sheep leather export price amounted to $X per square meter, increasing by 10% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sheep leather export price decreased by -0.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 109%. As a result, the export price reached the peak level of $X per square meter. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Romania.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to +89.0% per year.
Sheep Leather Imports
Imports into Hungary
Sheep leather imports into Hungary surged to X square meters in 2021, rising by 19% on the year before. Overall, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 516% against the previous year. Imports peaked at X square meters in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.
In value terms, sheep leather imports surged to $X in 2021. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 835%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Italy (X square meters) was the main sheep leather supplier to Hungary, with a approx. 99% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled -13.8%.
In value terms, Italy ($X) constituted the largest supplier of sheep leather to Hungary.
From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at -12.2%.
Import Prices by Country
The average sheep leather import price stood at $X per square meter in 2021, rising by 100% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Italy.
From 2012 to 2021, the rate of growth in terms of prices for Ethiopia amounted to +17.3% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the sheep leather market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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